Real Money

On 11/13/13, Magnum Hunter Resources Corp's 10.25% Series C Cumulative Perpetual Preferred Stock will trade ex-dividend, for its monthly dividend of $0.2135, payable on 12/2/13. As a percentage of MHR.

On 11/13/13, Magnum Hunter Resources Corp's 10.25% Series C Cumulative Perpetual Preferred Stock ( MHR.PRC) will trade ex-dividend, for its monthly dividend of $0.2135, payable on 12/2/13. As a percentage of MHR.PRC's recent share price of $25.35, this dividend works out to approximately 0.84%, so look for shares of MHR.PRC to trade 0.84% lower — all else being equal — when MHR.PRC shares open for trading on 11/13/13. On an annualized basis, the current yield is approximately 10.11%, which compares to an average yield of 7.21% in the "Oil & Gas Exploration & Production" preferred stock category, according to Preferred Stock Channel.

As of last close, MHR.PRC was trading at a 1.40% premium to its liquidation preference amount. The chart below shows the one year performance of MHR.PRC shares, versus MHR:

Below is a dividend history chart for MHR.PRC, showing historical dividends prior to the most recent $0.2135 on Magnum Hunter Resources Corp's 10.25% Series C Cumulative Perpetual Preferred Stock:

According to the ETF Finder at ETF Channel, Magnum Hunter Resources Corp ( MHR) makes up 4.67% of the First Trust ISE-Revere Natural Gas Index Fund ETF (FCG) which is trading higher by about 0.1% on the day Monday.

In Monday trading, Magnum Hunter Resources Corp's 10.25% Series C Cumulative Perpetual Preferred Stock ( MHR.PRC) is currently trading flat on the day, while the common shares ( MHR) are down about 1%.